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South Korea’s newly elected President Lee Jae-myung has pledged to legalize Bitcoin ETFs and introduce a won-pegged stablecoin to curb capital flight. His victory follows a snap election triggered by the impeachment of his predecessor over martial law.
- Lee Jae-myung's administration plans to legalize Bitcoin ETFs and introduce a won-pegged stablecoin to address capital flight concerns.
- South Korea saw $40.6 billion in crypto outflows in Q1 2025, nearly half in stablecoins like USDT and USDC.
- Lee's broader economic agenda includes AI investments, a shorter workweek, and tax deductions for families.
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